Dec 31, 2012 7:00am EST
, kathleen, carolyn, rachel, eric, jennifer, chris, cody, greg, katelyn, stephanie, beth, bennett, nathan , emily, mary, abby, lee, shannon, christina, p.j., alex, nicki, randy, john, the two best veteran constituent service reps you could ever want. sharon, rachel, cara. mr. speaker, all of them were loyal to the district and i read their names into the record to thank them for their service and loyalty to me, with you especially for their service to -- but especially for their service to the district. yield back. the speaker pro tempore: the chair recognizes the gentleman from alabama, mr. brook, for five minutes. mr. brooks: mr. speaker, the bush tax cuts history illuminates why american families face huge tax increases on january 1. the bush tax cuts had two purposes, first, stimulate the economy, create jobs, cut unemployment, and cut the deficit. second, cut taxes to help american families take care of their own needs. in just three years thanks to the bush tax cuts unemployment dropped from a high of 6.3% in 2003 to a low of 4.4% in 2006. seven million american jobs were created be
Dec 6, 2012 7:00am EST
a republican will cut it again. host: rachel in texas. caller: hello. i have two questions to ask. the expense it cost them to move overseas? can that be used as a deductible? our representatives are part of the 47%. what does that cost the taxpayers in taxes? what part of our taxes is paid in their insurance? guest: the answer to the first businessess that this are supposed to deduct all other expenses and that could include closing down a factory and opening up a factory overseas. it will include anything. so democrats have proposed a little change to the tax law which would prevent companies from being able to do that but it would raise that much money, unfortunately. i'm sorry about the other question about health insurance for lawmakers. host: thomas in winter park, florida. caller: good morning. thank you for taking my call. the current tax code is a descendant of the 16th amendment which says that congress should have the power to lay and collect taxes. if we eliminated the holding period for the sale of a capital asset, what do you think that would provide in terms of a taxable amount?